As the week comes to a close, mortgage rates reached March 2023 levels as investors shifted their focus away from banking.
This week, economic markets saw mortgage-backed securities experience little change, despite significant news from the housing sector.
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
As central banks around the world maintain an aggressive policy stance, mortgage rates achieved their highest levels in over 10 years.
Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.
With this week's data release, European inflation surges spiked bond yields and mortgage rates in the United States.
After unexpected strength, consumer spending spiked retail sales to end the week. However, Thursday’s report caused little reaction.